Iran’s economy expanded 3.6% in September quarter: Chief banker
Central Bank of Iran (CBI) Governor Ali Salehabadi says the country’s economy grew by 3.6% in the quarter to September 22.
Salehabadi announced the figure in a news conference held on Sunday where he dismissed criticism about CBI’s failure to control rising foreign currency prices in Iran.
He said that Iran’s economy had expanded by 3% in March-September with oil sector being the best performer among the economic sectors with a 6.6% growth reported over the period.
The top banker said other sectors of the Iranian economy, including manufacturing and mining, agriculture and services sectors, had also expanded over the two quarters to late September.
The remarks come days after the CBI dismissed rumors suggesting there would be an imminent change in the bank’s leadership after Salehabadi was criticized in economic circles for his failure to control foreign currency prices.
The US dollar sold for 395,000 Iranian rials on Sunday, up from 385,000 rials reported on Thursday, according to currency monitoring websites and reports published in local economic newspapers.
Salehabadi said prices in the unofficial currency market were not transparent although he admitted that the CBI does not reject them altogether.
He also said Iran was still in talks with South Korea to work out a mechanism that could lead to the release of more than $7 billion in Iranian funds that have remained blocked in the East Asian country since 2018 because of US sanctions on Iran.
D-8’s role in Iran’s economy after Cairo summit
Iran’s mining, metals exports at $8.8bn in Apr-Nov
Iran’s cenbank says inflation down to lowest in 4 years
D-8’s role in Iran’s economy after Cairo summit
China slams US as ‘war-addicted’ threat to global security
China ‘firmly opposes’ US military aid to Taiwan
VIDEO | Press TV's News Headlines
President Yoon Suk Yeol to be removed from office
At least 19 Gazans killed by Israeli airstrikes since dawn: Medics
Leader: Iran neither has nor needs proxy forces
US fighter aircraft shot down ‘in friendly fire’ amid aggression on Yemen
PressTV NEWSLETTER
now
This makes it easy to access the Press TV website
